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Valereum Plc head of VLRM Markets Global Adrian Hogg and head of VLRM Markets El Salvador Carmen Ochoa talked with Proactive's Stephen Gunnion about the latest developments at the company. Hogg explained that Valereum is preparing to launch its new RWA trading platform and digital wallet service next month, with a strong pipeline across multiple asset classes including equities, debt, sports, real estate, and arts. He emphasised, "We've been working hard to build a pipeline of various asset classes," highlighting the breadth of initiatives underway. Hogg further noted that the tokenised real-world assets (RWA) sector is rapidly growing, describing El Salvador as the ideal jurisdiction due to government and regulatory alignment. "We have absolute certainty in El Salvador," he said, referencing the supportive environment created by President Bukele's government and the country's adoption of bitcoin as legal tender. Ochoa shared insights into a recent meeting with the US Securities and Exchange Commission (SEC), where she was part of a delegation discussing a cross-border sandbox initiative. She explained, "Through the National Commission of Digital Assets (CNAD), El Salvador is working hard to maintain a digital ecosystem that provides strong consumer protection and transparent regulation." To stay updated on Valereum's developments, visit Proactive's YouTube channel for more videos. Don't forget to like the video, subscribe to the channel, and enable notifications for future content. #ValereumPlc #RealWorldAssets #Tokenization #DigitalAssets #Blockchain #ElSalvador #CryptoRegulation #RWAMarketplace #ProactiveInvestors #DigitalWallet
Tech Bro NonsenseFormer Google CEO Tells Congress That 99 Percent of All Electricity Will Be Used to Power Superintelligent AIbillionaire tech tycoon and former Google CEO Eric Schmidt comments to the House Committee on Energy and Commerce: "What we need from you is we need the energy in all forms, renewable, non-renewable, whatever. It needs to be there, and it needs to be there quickly.""Many people project demand for our industry will go from 3 percent to 99 percent of total generation... an additional 29 gigawatts by 2027 and 67 more gigawatts by 2030. If [China] comes to superintelligence first, it changes the dynamic of power globally, in ways that we have no way of understanding or predicting.”Meta Says It's Okay to Feed Copyrighted Books Into Its AI Model Because They Have No "Economic Value"In the ongoing suit Richard Kadrey et al v. Meta Platforms, led by a group of authors including Pulitzer Prize winner Andrew Sean Greer and National Book Award winner Ta-Nehisi Coates, the Mark Zuckerberg-led company has argued that its alleged scraping of over seven million books from the pirated library LibGen constituted "fair use" of the material, and was therefore not illegal.Meta's attorneys are also arguing that the countless books that the company used to train its multibillion-dollar language models and springboard itself into the headspinningly buzzy AI race are actually worthless. Meta cited an expert witness who downplayed the books' individual importance, averring that a single book adjusted its LLM's performance "by less than 0.06 percent on industry standard benchmarks, a meaningless change no different from noise." Thus there's no market in paying authors to use their copyrighted works, Meta says, because "for there to be a market, there must be something of value to exchange," as quoted by Vanity Fair — "but none of [the authors'] works has economic value, individually, as training data." Other communications showed that Meta employees stripped the copyright pages from the downloaded books.Tellingly, the unofficial policy seems to be to not speak about it at all: "In no case would we disclose publicly that we had trained on LibGen, however there is practical risk external parties could deduce our use of this dataset," an internal Meta slide deck read. The deck noted that "if there is media coverage suggesting we have used a dataset we know to be pirated, such as LibGen, this may undermine our negotiating position with regulators on these issues."Lauren Sánchez in Space Was Marie Antoinette in a Penis-Shaped RocketKaty Perry Boasts About Ridiculous Rocket Launch While NASA Is Scrubbing History of Women in Space“It's about a collective energy and making space for future women. It's about this wonderful world that we see right out there and appreciating it. This is all for the benefit of Earth.”Last month, the Orlando Sentinel first reported, NASA scrubbed language from a webpage about the agency's Artemis missions declaring that a goal of the mission was to put the first woman and first person of color on the Moon; just a few days later, NASA Watch reported that comic books imagining the first woman on the Moon had been deleted from NASA's website.A webpage for "Women at NASA" is still standing, but pictures of women and people of color — astronauts, engineers, scientists — have reportedly been removed from NASA's real-world hallways amid the so-called "DEI" purge. Per Scientific American, the word "inclusion" has been removed as one of NASA's core pillars. And as 404 Media reported in February, NASA personnel were directed to remove mentions of women in leadership positions from its website.OpenAI NonsenseOpenAI Is Secretly Building a Social NetworkOpenAI has been secretly building its own social media platform, which The Verge reports is intended to resemble X-formerly-Twitter — the social media middleweight owned by CEO Sam Altman's arch-nemesis, Elon MuskOpenAI updated its safety framework—but no longer sees mass manipulation and disinformation as a critical riskOpenAI said it will stop assessing its AI models prior to releasing them for the risk that they could persuade or manipulate people, possibly helping to swing elections or create highly effective propaganda campaigns.The company said it would now address those risks through its terms of service, restricting the use of its AI models in political campaigns and lobbying, and monitoring how people are using the models once they are released for signs of violations.OpenAI also said it would consider releasing AI models that it judged to be “high risk” as long as it has taken appropriate steps to reduce those dangers—and would even consider releasing a model that presented what it called “critical risk” if a rival AI lab had already released a similar model. Previously, OpenAI had said it would not release any AI model that presented more than a “medium risk.”Saying 'please' and 'thank you' to ChatGPT costs OpenAI millions, Sam Altman saysBeing nice to your AI chatbot requires computational power that raises electricity and water costsAltman responded to a user on X (formerly Twitter) who asked how much the company has lost in electricity costs from people being polite to their models: “Tens of millions of dollars well spent — you never know,” the CEO wrote.AI models rely heavily on energy stored in global data centers — which already accounts for about 2% of the global electricity consumption. Polite responses also add to OpenAI's water bill. AI uses water to cool the servers that generate the data. A study from the University of California, Riverside, said that using GPT-4 to generate 100 words consumes up to three bottles of water — and even a three-word response such as “You are welcome” uses about 1.5 ounces of water.Antitrust NonsenseTrump DOJ's plan to restructure Google hurts consumers, national security, says exec: 'Wildly overbroad'Kent Walker, Google's president of global affairs: "We're very concerned about DOJ's proposal. We think it would hurt American consumers, our economy, our tech leadership, even national security. The proposed reform from DOJ "would result in unprecedented government overreach that would harm American consumers, developers, and small businesses — and jeopardize America's global economic and technological leadership at precisely the moment it's needed most."8 revelations from Mark Zuckerberg's 3 days on the witness stand in Meta's antitrust trialThe FTC alleges Meta "helped cement" its illegal monopoly in the social media market with its acquisition of Instagram and the messaging app WhatsApp more than a decade ago.8 revelations:Antitrust worries surfaced years agoTwo years before the FTC initially sued Meta over allegations that it violated US competition laws, Zuckerberg considered breaking Instagram out into its own company to avoid potential antitrust scrutiny, according to a 2018 internal email revealed by the government at trial."I wonder if we should consider the extreme step of spinning Instagram out as a separate company," Zuckerberg wrote in the email to company executives. "As calls to break up the big tech companies grow, there is a non-trivial chance that we will be forced to spin out Instagram and perhaps WhatsApp in the next 5-10 years anyway." If a break up were to happen, Zuckerberg wrote, history showed that companies could end up better off.Asked about this view at trial, Zuckerberg said, "I'm not sure exactly what I had in mind then."A 'crazy idea' to boost Facebook's relevanceZuckerberg's "crazy idea" for Facebook in 2022 involved purging all users' friends. The CEO — fearful that Facebook was losing cultural relevance — made the proposal in a 2022 email to the social network's top brass."Option 1. Double down on Friending," Zuckerberg wrote in the message. "One potentially crazy idea is to consider wiping everyone's graphs and having them start again."Sheryl Sandberg wanted to play Settlers of CatanZuckerberg once offered to give Sheryl Sandberg, the former COO of Meta, a tutorial in the board game Settlers of Catan.The lesson offer came up in 2012 messages in which the two discussed the fresh $1 billion purchase of Instagram, partially redacted missives presented by the FTC during Zuckerberg's testimony showed."We would love it. I want to learn Settlers of Catan too so we can play," Sandberg told Zuckerberg in the message. He responded: "I can definitely teach you Settlers of Catan. It's very easy to learn."Meta's rivalry with TikTok has only just begunDuring his testimony, Zuckerberg hammered home Meta's argument that the tech giant faces massive competition from other apps, especially TikTok."TikTok is still bigger than either Facebook or Instagram," Zuckerberg testified. "I don't like it when our competitors do better than us. You can sort of bet that I'm not going to rest until we are doing quite a bit better than we are doing now.”Facebook Camera app struggles were a source of worryInstagram's early rise shook Zuckerberg. As his company struggled to mount its response with the Facebook Camera app, the CEO began to lose his patience."What is going on with our photos team?" Zuckerberg wrote in a 2011 message to top executives, as revealed by the FTC in court. Zuckerberg then described a number of individuals, whose names were redacted, as being "checked out." He added another person didn't want "to work with this team because he thinks this team sucks."In May 2012, Facebook launched a photo-sharing app called Facebook Camera, which aims to make it simpler for the social network's users to upload and browse photos on smartphones. Only weeks after Facebook spent $1 billion on a similar photo-sharing app called Instagram. Zuckerberg tried to buy Snapchat for $6 billionZuckerberg's failed bid to buy Snapchat was highlighted by the government to bolster its argument that Meta sought to maintain its dominance in the social media market through acquisitions rather than competition.Facebook isn't really for friends anymoreWhile under questioning by the FTC, Zuckerberg said that Facebook had greatly evolved since he launched the platform more than 20 years ago and that its main purpose wasn't really to connect with friends anymore.The FTC argues that Meta monopolizes the market for "personal social networking services.""The friend part has gone down quite a bit," Zuckerberg testified. He said the Facebook feed has "turned into more of a broad discovery and entertainment space."Not impressed by WhatsApp cofounderZuckerberg wasn't too impressed with one of WhatsApp's cofounders after a 2012 meeting he had with company leadership."I found him fairly impressive although disappointingly (or maybe positive for us) unambitious," Zuckerberg wrote in an email to colleagues after the meeting, it was revealed at trial.Jan Koum and Brian Acton cofounded WhatsApp in 2009. Zuckerberg said in his testimony that he thinks he was referring to Koum. Asked about his email, Zuckerberg seemed uneasy. He said that Koum was clearly smart but that he and Acton were staunchly opposed to growing their messaging app enough to be a real threat to Facebook. Zuckerberg would go on to buy WhatsApp in 2014 for $19 billion.Mark Zuckerberg's Meta Platforms adds former Trump advisor to the board days before an antitrust showdown with the FTCMeta Platforms is further boosting its lineup of heavy hitters with the additions of Stripe CEO Patrick Collison and Dina Powell McCormick to the mix. Powell McCormick was the former Deputy National Security Advisor to President Donald Trump during his first term. Married to Republican Senator Dave McCormick, former CEO of Bridgewater Associates, one of the world's largest hedge fundsStakeholder/shareholder activism NonsenseBP suffers investor rebellion at first AGM since climate strategy U-turnBP suffered an investor rebellion on Thursday after facing shareholders for the first time since abandoning its climate strategy at a meeting marred by protest.About a quarter of shareholders (24.3%) voted against the chair, Helge Lund, which marked the first time in at least a decade that more than 10% of BP's shareholders voted against the re-election of the chair.The outgoing chair told shareholders that the company had “pursued too much while looking to build new low-carbon businesses” but that “lessons have been learned”.BP's CEO Murray Auchincloss (2.7% against), repeated his previous claim that BP's optimism in the global green energy transition was “misplaced”, and that the board's “one simple goal” was to “grow the long-term value of your investment”.Mark Van Baal, the founder of the green activist investor group Follow This, said shareholders had “made it clear that weakening climate commitments is unacceptable”. He added: “This historical result serves as a wake-up call to BP's board and emphasises investor expectation for robust governance mechanisms and genuine leadership on ESG issues.”Starbucks CEO faces major backlash after details of his work routine are revealed: 'Ill-conceived decision'A press release from the National Center for Public Policy Research reported on the hypocrisy of Starbucks CEO Brian Niccol's transportation practices when considering the company's public commitment to eco-friendly practices.Niccol travels regularly from his home in Newport Beach, California, to Starbucks' headquarters in Seattle, Washington, via private jet. Each 2,000-mile round-trip commute releases nearly nine tons of carbon dioxide.The National Center for Public Policy Research's Free Enterprise Project's director Stefan Padfield pointed out the discrepancy of policy and practice during his presentation of Proposal 8 requesting an annual report on emissions congruency. He noted that each round trip made by Niccol "is roughly the annual energy-consumption footprint of the typical American household."This analogy paints a vivid picture of the hypocrisy between Starbucks' public environmental commitments and the practices of the CEO. Gaps are apparent. Target CEO Cornell meets with Sharpton to discuss DEI rollback as civil rights leader considers boycottCEO Brian Cornell met with the Rev. Al Sharpton in New York on Thursday as the retailer faces calls for a boycott and a slowdown in foot traffic that began after it walked back key diversity, equity and inclusion programs, the civil rights leader told CNBC Wednesday.The meeting, which Target asked for, comes after some civil rights groups urged consumers not to shop at Target in response to the retailer's decision to cut back on DEI. While Sharpton has not yet called for a boycott of Target, he has supported efforts from others to stop shopping at the retailer's stores.“You can't have an election come and all of a sudden, change your old positions,” Sharpton told CNBC in a Wednesday interview ahead of the meeting. “If an election determines your commitment to fairness then fine, you have a right to withdraw from us, but then we have a right to withdraw from you.”IBM Informs Staff of DEI Retreat as Trump-Era Scrutiny GrowsEmployees were told of the changes earlier this week, in a memo that cited “inherent tensions in practicing inclusion.” Legal considerations and shifting attitudes to DEI were among the factors for the company. IBM CEO Arvind Krishna discussed the changes in his monthly video update to employees Thursday.Anti-DEI activist Robby Starbuck said he first contacted the company in February to question its policies. IBM confirmed it discussed its changes with Starbuck.The company (-10% gender influence gap) also disbanded a diversity council that represents the views of employee groups as part of its reevaluation.Exxon Faces No Shareholder Proposals for First Time in 25 YearsThe absence of requests in Exxon's proxy statement comes a year after the company sued two climate-focused investors to remove what it described as their “extreme agenda.” It also tracks with the US Securities and Exchange Commission's decision to back guidelines that make it easier for corporations to block votes on shareholder resolutions at their annual meetings.Exxon said in a statement late Monday that it received only one proposal this year and the SEC agreed it should be discarded because “it tried to micromanage the company.”Occidental Petroleum Corp., Valero Energy Corp. and Dow Inc. are other companies with no shareholder proposals up for vote at this year's annual meetings.Exxon said this year marks “the first time in recent history that our proxy includes zero proposals from activists.” It was just four years ago that a small fund scored a victory over Exxon, placing three directors on the company's board.Climate activist shareholder group Follow This pauses big oil campaignClimate activist shareholder group Follow This said on Thursday a lack of investor appetite has forced it to suspend its nearly decade-long campaign seeking stronger commitments from major oil and gas producers to emission cutsHarley-Davidson slams activist investor, saying its campaign is messing up its CEO searchIn early April, H Partners' Jared Dourdeville, who had been a Harley director since 2022, abruptly resigned from the board, saying among other things that Harley had “cultural depletion” because of its work-from-home policies and the exit of several senior leaders. And that was not his only point of contention with the rest of the board.Investment firm H Partners, a major investor with 9.1% of Harley's shares, in an open letter filed on Wednesday, urged fellow shareholders to remove three longtime directors from Harley's eight-member board at its annual meeting in mid-May by withholding votes for them. H Partners said the board had not held Harley CEO Jochen Zeitz accountable for what it called his repeated “strategic execution failures” and “severe underperformance.”CEO/Chair Zeitz (2007, 30%)Lead DIrector Norman Thomas Linebarger (2008, 13%)Sara Levinson (1996, 20%)"We believe Mr. Zeitz, Mr. Linebarger, and Ms. Levinson should be held accountable for the destruction of shareholder value,"Harley's bylaws stipulate that directors who win less than 50% of votes in an election must tender their resignations.Harley announced last week that Zeitz, CEO since 2020 and board member for 18 years, would resign but stay in his role until a successor is found. H Partners wants him out now.That followed a letter issued a day earlier by Harley-Davidson, which accused H Partners of “publicly campaigning” against it and saying that those efforts are also “adversely impacting the CEO search process and ongoing execution of the Hardwire strategic plan,” referring to a turnaround plan it launched in 2021.Harley said that it began a CEO search late last year after Zeitz expressed interest in retiring and has interviewed three potential CEOs, including one supported by Dourdeville, but declined to offer any the job. The company has also said that Dourdeville had cast only one vote against the majority during his time as a director and that as recently as November 2024 he had expressed support for Zeitz.Harley-Davidson faces board fight from H Partners amid calls for CEO to exit soon
Ripple Labs CEO Brad Garlinghouse discusses the US Securities and Exchange Commission case against the crypto company has ended, the latest of several enforcement actions that have been abandoned during the early weeks of President Donald Trump’s administration. “This provides a lot of certainty for Ripple,” Garlinghouse said in an interview Wednesday on Bloomberg Television. He estimated that the San Francisco-based blockchain infrastructure company has spent more than $150 million to defend itself. Garlinghouse spoke with Bloomberg's Sonali Basak.See omnystudio.com/listener for privacy information.
Stablecoins, or cryptocurrencies pegged to a stable asset like gold or the U.S. dollar, have ballooned into a $227 billion market. While federal regulation has been slow to materialize, that may soon change. On Thursday, the Senate Banking Committee will mark up the bipartisan GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act), which aims to establish a regulatory framework for stablecoins. Meanwhile, The US Securities and Exchange Commission may be preparing to end its enforcement action against Ripple Labs after more than four years.00:00 Intro00:19 Sponsor: Uphold00:36 DeFi Broker rule00:58 House Floor Debate01:34 Dems fight back against bill03:05 Why the bill doesn't work04:37 Vote results05:08 Dex volume05:56 Elizabeth Warren against STABLE Act 06:31 Stablecoins06:53 Stripe panic acquisition07:20 Stripe stablecoins will 10X business08:20 Ripple Monica Long: Floodgates oopen09:55 SEC closing XRP case?10:31 Wyoming stablecoin11:30 Gov. Mark Gordon, the world is watching13:04 Outro#Crypto #XRP #ethereum~DeFi Bill Passes!✅Stablecoin Bill Tomorrow!
Welcome back to this exciting episode of New Cyber Frontier! In this episode, we join our founders for the special treat of a live presentation on how BlockFrame containerizes cybersecurity. This new concept is lined up to revolutionize digital security and privacy by giving every individual a level playing field with the big players. It's simplistic, it's uniform and it's the next thing. With a goal of enabling individual rights, and empowering ethical behavior in a digital world, BlockFrame, is taking the industry by storm. Dr. Gorog explains, "We turn Cybersecurity from what is usually a large-scale operation that only big companies have the ability to afford, to something that a single user can containerize like the individualized coffee pod from Keurig that Revolutionized the coffee industry. It's simple and provides the individualized experience that everyone wants." Look for big things from BlockFrame Inc.
Hong Kong's largest pro-Democracy Party explores dissolution, Donald Trump's Ukraine envoy meets with Volodymyr Zelenskyy amid ongoing tensions, Israel claims Hamas returned an 'Anonymous' body instead of Shiri Bibas, The US sanctions a Rwandan minister over alleged M23 support in the DR Congo conflict, Elon Musk, Javier Milei, and JD Vance headline CPAC's first day, The US Senate confirms Kash Patel as FBI Director, Coinbase says the US Securities and Exchange Commission will drop its crypto lawsuit, UK doctors advance a gene therapy to address childhood blindness, Spain's ex-soccer boss is found guilty of sexual assault over the World Cup kiss, and Canada's hockey team beats the US to win the 4 Nations Face-Off. Sources: www.verity.news
The US Securities and Exchange Commission (SEC), as well as the Commodity Futures Trading Commission (CFTC), have initiated key measures to overhaul crypto regulations in the United States. The most important decision was to part ways with the regulation-by-enforcement approach and instead undertake a broader outlook.~This episode is sponsored by iTrust Capital~iTrustCapital | Get $100 Funding Reward + No Monthly Fees when you sign up using our custom link! ➜ https://bit.ly/iTrustPaul00:00 Intro00:19 Sponsor: iTrust Capital00:50 FDIC revise guidelines01:34 Yesterday's criticism02:23 Stablecoins03:58 David Sacks: The next 6 months05:47 Hester Pierce revamps SEC07:45 Hester Pierce: We're not going to lead by enforcement08:40 Hester Pierce: Howie test09:45 JC Giancarlo: FIT21 soon11:00 SEC reassigns top crypto litigator11:33 Bitcoin dominance strong12:44 Outro#Crypto #bitcoin #ethereum~SEC Officially Revamps Crypto Stance!✅ Market Update~⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺Join our community! Diamond Circle (FREE): https://www.paulbarronnetwork.com/storeMarket Movers: https://www.paulbarronnetwork.com/market-moversFoundation Members: https://www.paulbarronnetwork.com/foundation-membersPrivate Telegram Group (FREE): https://t.me/+nISqoMxrok40NTcxSubscribe on YouTube ✅ https://bit.ly/PBNYoutubeSubscribeTwitter
Christopher Cox is a Senior Scholar in Residence at the University of California, Irvine, a Life Trustee of the University of Southern California, Chair of the Rhodes Scholarship selection committee for Southern California and the Pacific, and a member of several nonprofit and for-profit boards. Between two decades as a practicing lawyer, he served as chair of the Homeland Security Committee in the US House of Representatives, chair of the US Securities and Exchange Commission, and senior associate counsel to the President. He has written for Fortune, The Wall Street Journal, The New York Times, Forbes, The Detroit News, The Denver Post, The Washington Post, the Los Angeles Times, and dozens of other publications. His new book is Woodrow Wilson: The Light Withdrawn. Got somethin' to say?! Email us at BackroomAndy@gmail.com Leave us a message: 845-307-7446 Twitter: @AndyOstroy Produced by Andy Ostroy, Matty Rosenberg, and Jennifer Hammoud @ Radio Free Rhiniecliff Design by Cricket Lengyel
Gary Gensler’s tenure as Wall Street’s top regulator is coming to an end, and the US Securities and Exchange Commission chair is reflecting on his time at the agency. In an interview with host David Gura, Gensler responds to his critics, discusses his concerns about AI, China and crypto — and shares the advice he gave President-elect Trump’s pick to replace him.See omnystudio.com/listener for privacy information.
A landmark Gaza cease-fire and hostage deal is reached, South Korea's impeached Pres. Yoon is arrested, the UN says that over 1M people are internally displaced in Haiti, UK Treasury Minister Tulip Siddiq resigns, Pres. Biden bolsters Indo-Pacific ties in the final days of his presidency, while Biden moves to drop Cuba from the US terrorism list, Pres.-elect Trump says he'll create an “External Revenue Service” for tariffs, the US Securities and Exchange Commission sues Elon Musk over his Twitter acquisition, a newly-proposed definition of obesity would de-emphasize Body Mass Index, and the US Food and Drug Administration bans Red Dye No. 3 from food and ingested drugs. Sources: www.verity.news
The US Securities and Exchange Commission has filed a lawsuit against Elon Musk for not disclosing his 5 percent stake in Twitter in a timely manner in early 2022, ahead of his takeover of the platform later that year. The SEC says this created an artificially low stock price that deprived Twitter stock owners of as much as $150 million. Musk's attorney called the filing a ''sham". Also in this edition: we see how Mexico is preparing for Trump's second term in office and the looming threat of tariffs.
Enjoy this episode of Don Tony And Kevin Castle Show, recorded Monday night, 1/13/25. Running Time: 3 Hours 9 Minutes. Synopsis is posted below. Some Topics Discussed: Roman Reigns, CM Punk, Drew McIntyre, Jey Uso, Seth Rollins, LA Knight and John Cena all confirmed for 2025 Men's Royal Rumble Match WWE RAW 1/13/25 Recap and Review (San Jose, CA) Full Recap And Review The Penta Era Begins: Thoughts on Penta's WWE debut match against Chad Gable DT/KC translate what Penta said in Spanish on RAW Rey Fenix comments on Penta' WWE debut on RAW And just like that, Wyatt Sicks are abruptly moved to SmackDown. DT/KC think a pair of WWE Superstars may be in some trouble (and its not Kross and Miz) Lyra Valkyria becomes the first WWE Women's Intercontinental Champion (defeats Dakota Kai) WWE Shop now selling Penta merchandise and Wyatt Sicks masks Gunther vs Jey Uso and Bron Breakker vs Sheamus announced for Saturday Night's Main Event (1/25/25) Vince McMahon and US Securities and Exchange Commission (SEC) reach a sweetheart deal over undisclosed hush money payments DT/KC discuss why Janel Grant lawsuit against Vince McMahon, John Laurinaitis and WWE may be entering hospice DT/KC have an epic rant on Tony Khan, their perception about the person, his business acumen, and if he will ever mature enough to coexist with WWE Eric Bischoff provides a whopper of an excuse why Hulk Hogan was booed and Undertaker cheered during RAW/Netflix debut despite their support of President Donald Trump. Odyssey Jones breaks his silence about his WWE release and discusses legal action taken against ex-girlfriend over 'Dating Violence' RAW on Netflix Debut (1/6/25) rating is in. How close were DT and Kev's ratings prediction? Have you wondered what airs on USA Network Monday nights since RAW moved to Netflix? Bad Bunny wants to perform in a WWE ring and 'scare his mother' Karrion Kross discusses his immediate short-term goal performing for WWE RIP Black Bart (76) and Hunter Q Robbins III (57) Dax Harwood and several other AEW staff block Don Tony on Twitter over a ridiculously soft tweet about Cope Roll Call! Special shout-out and thanks to our latest supporters who bought DTKC Shirts, became a YouTube/Patreon Channel Member, and/or posted a DTKC Show review on Apple and Spotify The entire Don Tony and Kevin Castle extended Family have everyone affected by the California Wildfires in our thoughts and prayers. We hope that our shows can be a little bit of an escape from everything happening right now. 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Gary Gensler’s tenure as Wall Street’s top regulator is coming to an end, and the US Securities and Exchange Commission chair is reflecting on his time at the agency. In an interview with host David Gura, Gensler responds to his critics, discusses his concerns about AI, China and crypto — and shares the advice he gave President-elect Trump’s pick to replace him.See omnystudio.com/listener for privacy information.
Frank Kelly, Founder and Managing Partner of Fulcrum Macro Advisors, an independent strategic advisory firm. Frank began his career as a writer for President Ronald Reagan and went on to serve in the White House Office of Political Affairs. He served as a writer for President George H.W. Bush and then served at the Justice Department. From there, Frank went to the US Securities and Exchange Commission, being appointed Senior Policy Advisor. He then held senior Public Affairs roles at Merrill Lynch, Charles Schwab and Deutsche Bank. In this podcast we discuss Reagan vs Trump, why Trump won the 2024 election, it is Trump 4.0 not Trump 2.0, and much more. Follow us here for more amazing insights: https://macrohive.com/home-prime/ https://twitter.com/Macro_Hive https://www.linkedin.com/company/macro-hive
Donald Trump has nominated cryptocurrency advocate Paul Atkins to chair the US Securities and Exchange Commission, and a dramatic attempt to impose martial law in South Korea by its president has backfired. The French parliament voted to oust Prime Minister Michel Barnier and a UK-led operation has uncovered a multibillion-dollar money laundering scheme. Plus, Google DeepMind has unveiled an artificial intelligence weather prediction model that outperforms traditional methods. Mentioned in this podcast:Donald Trump picks crypto enthusiast Paul Atkins for SEC chair‘Revenge cycle': South Korean crisis highlights deep political divideUK uncovers vast crypto laundering scheme for gangsters and Russian spiesFrench parliament votes to oust Michel Barnier's governmentGoogle DeepMind hits new milestone in AI weather forecastingThe FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT's executive producer. The FT's global head of audio is Cheryl Brumley. The show's theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
US lawmakers call for a classified briefing on Turkey's Hamas ties, police in Brazil accuse Jair Bolsonaro of a coup plot, Vladamir Putin confirms Russia's use of hypersonic missile in Ukraine, China and Russia oppose a new UN peacekeeping mission in Haiti, a judge suspends sentencing in the Donald Trump hush money case, while Trump chooses Pam Bondi for Attorney General after Gaetz's withdrawal, a GOP senator moves to eliminate the Department of Education, US Securities and Exchange Commission Chair Gary Gensler will step down after Trump's inauguration, Justin Trudeau offers Canadians a tax break and checks, and a New York hospital performs the first fully robotic double-lung transplant. Sources: https://www.verity.news/
Andrew Peach discusses the announcement that Gary Gensler plans to step down as chair of the US Securities and Exchange Commission when Donald Trump takes office as president on January 20. Gensler is known to be a sceptic of crypto currencies unlike the incoming President who received heavy backing from the crypto community during the election. Beijing offers help to Chinese exporters who are facing higher import tariffs in many of their key markets. The IG Metall trade union in Germany announces that it will urge workers at Volkswagen to go on strike from December. VW is threatening to shut some of its German factories for the first time in its history. And Swedish battery maker Northvolt has entered Chapter 11 bankruptcy in the USA.
European equities enjoyed a strong day yesterday, while Wall Street had a moderately positive day, marked by a rotation out of tech stocks and into more cyclical sectors such as financials, industrials and retail. Elsewhere, Gary Gensler announced his resignation as Chairman of the US Securities and Exchange Commission as of 20 January 2025. Treasury yields rose across the curve as investors digested mixed economic data and comments from Federal Reserve policymakers. In Asia, Japanese stocks led the way following the release of Japan's October CPI and preliminary PMI figures. Commodities also posted gains, with oil and gold prices rising amid escalating geopolitical tensions. Bitcoin, meanwhile, is marching towards the USD 100,000 mark. Joining us today to break down the latest developments in the world of currencies is David Meier, Senior Economist.00:00 Introduction by Helen Freer (Investment Writing)00:27 Markets wrap-up by Lucija Caculovic (Investment Writing)06:57 Currencies update - USD, EUR, CHF: David Meier (Senior Economist)12:44 Closing remarks by Helen Freer (Investment Writing)Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.
Andrew Peach discussed Gary Gensler's announcement that he will resign as Chairman of the US Securities and Exchange Commission on the day that Donald Trump takes office. Gensler is known to be a sceptic of crypto currencies unlike the incoming President who received heavy backing from the crypto community during the election. The IG Metall trade union in Germany announces that it will urge workers at Volkswagen to go on strike from December. VW is threatening to shut some of its German factories for the first time in its history. And Swedish battery maker Northvolt has entered Chapter 11 bankruptcy in the USA.
Innovation in the investment industry is a hot topic thanks to the rise of things like AI, shifting investor demand, and volatile markets that are requiring more agility from investors. Today we'll be exploring the innovations driving both the ETF Market and Index investing more broadly, examining the latest trends and challenges facing investors, and how technology is playing a role in shaping these products.Joining Oscar live in London at BlackRock's annual UK Wealth Investors Forum is Manuela Sperandeo, Head of Product for iShares in EMEA and Stuart Doole, global head of Equity investing research at MSCI, an investment research firm that provides stock indexes, portfolio risk, and performance analytics.Sources: ‘Global ETF assets reach $11 trillion', Investment News, February 2024 Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses which may be obtained by visiting www.iShares.com or www.blackrock.com. Read the prospectus carefully before investing. Investing involves risk, including possible loss of principal. Actively managed funds do not seek to replicate the performance of a specified index, may have higher portfolio turnover, and may charge higher fees than index funds due to increased trading and research expenses. The iShares ETFs that are registered with the US Securities and Exchange Commission are distributed in the US by BlackRock Investments, LLC. This material does not constitute an offer or solicitation to sell or a solicitation of an offer to buy any shares of any Fund (nor shall any such shares be offered or sold to any person) in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities law of that jurisdiction. BlackRock Is not affiliated with MSCI.This content is for informational purposes only and is not an offer or a solicitation. Reliance upon information in this material is at the sole discretion of the listener. Reference to the names of each company mentioned in this communication is merely for explaining the investment strategy and should not be construed as investment advice or investment recommendation of those companies. In the UK and Non-European Economic Area countries, this is authorised and regulated by the Financial Conduct Authority. In the European Economic Area, this is authorised and regulated by the Netherlands Authority for the Financial Markets. For full disclosures go to Blackrock.com/corporate/compliance/bid-disclosuresSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
What would YOU like to hear about on Bloomberg? Help make shows like ours even better by taking our Bloomberg audience survey. US Securities and Exchange Commission Chair Gary Gensler talks about the challenges around regulating artificial intelligence and cryptocurrencies with Bloomberg's Ed Ludlow and Caroline HydeSee omnystudio.com/listener for privacy information.
Just as US-based multinationals are moving on from the US Securities and Exchange Commission's decision around carbon disclosures with at least some measure of certainty, they will now need to turn to Europe and its Corporate Sustainability Due Diligence Directive. The CSDDD is a proposed European Union (EU) regulation aimed at environmental and human rights issues. The directive obligates large EU companies, as well as non-EU companies operating in the EU, to identify, prevent, mitigate, and account for adverse environmental and human rights impacts throughout their supply chains. In this episode of the podcast week speak with Toon Dictus and associate with the law firm Latham & Watkins in London about the directive and how it could impact U.S companies operating in the EU. Become a FEI Member (https://www.financialexecutives.org/Become-a-Member.aspx). Special Guest: Toon Dictus.
In episode two of The Security Detail, Audra interviews Liz Wharton, founder of Silver Key Strategies, about her research on using large language models (LLMs) to analyze SEC 8-K filings and other public reporting to gain cybersecurity insights. Liz is an attorney who has two decades of legal, public policy, and business experience, including in cybersecurity. The interview also covers the heightened liability security executives face when reporting material incidents to the US Securities and Exchange Commission (SEC). Resources: SURGe Minicon talks at .conf24: https://conf.splunk.com/sessions/catalog.html?search=minicon#/ Silver Key Strategies: https://silverkeystrategies.com/about-silver-key Splunk's 2024 State of Security Report: https://www.splunk.com/en_us/campaigns/state-of-security.html
This Day in Legal History: Pennsylvania First Movie Censorship LawsOn July 19, 1911, Pennsylvania enacted the first movie censorship laws in the United States, marking a significant moment in legal and cultural history. These laws empowered a state board to review and censor films, aiming to protect the public from what were considered immoral or indecent content. This move sparked a wave of similar legislation across the country, as other states quickly followed Pennsylvania's lead. The push for film censorship reflected broader societal concerns about the influence of motion pictures on public morals, especially on the youth.The legal landscape for film censorship was further solidified in 1915 when the US Supreme Court upheld the constitutionality of these laws in the case of Mutual Film Corporation v. Industrial Commission of Ohio. The Court ruled that movies were a form of business, not art, and therefore not entitled to First Amendment protections. This decision effectively endorsed the states' rights to regulate the burgeoning film industry, leading to widespread and varied censorship practices.It wasn't until 1952, with the case of Joseph Burstyn, Inc. v. Wilson, that the Supreme Court reversed this stance, recognizing films as a form of expression protected under the First Amendment. This pivotal shift underscored the evolving understanding of free speech and the role of movies in American culture. Pennsylvania's early censorship laws thus set the stage for a decades-long debate over the balance between regulation and freedom of expression in the arts.Over the past two terms, the U.S. Supreme Court has dismissed five significant cases from the conservative-leaning 5th U.S. Circuit Court of Appeals on the grounds of lacking legal standing. These cases involved controversial issues like abortion rights, online free speech, federal student loans, immigration, and Native American child welfare. By overturning these rulings, the Supreme Court emphasized the necessity for plaintiffs to demonstrate concrete and non-speculative injury to sustain their cases. This approach aims to reduce the number of politically charged lawsuits, often filed in states within the 5th Circuit due to its conservative reputation.Legal experts note that this trend marks a push for stricter judicial gatekeeping. The Supreme Court's 6-3 conservative majority has reinforced limits on standing, even affecting conservative plaintiffs and Republican-led states. This shift has been evident in cases such as Texas and Louisiana's challenges to Biden's immigration policies, and anti-abortion groups' attempts to restrict access to mifepristone. Notably, some decisions were unanimous, while others saw sharp divisions among the justices.The doctrine of legal standing prevents courts from resolving policy disputes better suited for legislative arenas. Historically, liberals tested the boundaries on standing, but recent rulings show a change in this dynamic. The Supreme Court's actions could limit state attorneys general from frequently suing over opposing presidential policies, altering the landscape of American judicial proceedings. US Supreme Court is making it harder to sue - even for conservatives | ReutersOn July 19, 2024, a Russian court sentenced U.S. journalist Evan Gershkovich to 16 years in a maximum security penal colony on charges of espionage, a verdict his employer, the Wall Street Journal, condemned as a "disgraceful sham conviction." Gershkovich, 32, was accused of attempting to gather sensitive information about a tank factory in Yekaterinburg and became the first U.S. journalist charged with spying in Russia since the Cold War. His arrest in March 2023 prompted many Western journalists to leave Moscow. The court, citing state secrecy, held the trial behind closed doors, fueling speculation about a potential U.S.-Russia prisoner exchange.During the hearing, Gershkovich, who maintained his innocence, stood in a glass cage and listened to the judge's rapid verdict. The judge ruled that the 16 months Gershkovich had already spent in detention would count towards his sentence. The Wall Street Journal and Gershkovich's colleagues expressed outrage and pledged to continue efforts for his release, emphasizing that journalism is not a crime.Russian prosecutors alleged that Gershkovich was gathering secret information for the CIA about a company manufacturing tanks for Russia's war in Ukraine. The factory in question, Uralvagonzavod, has been sanctioned by the West. The rapid conclusion of the trial suggests a potential prisoner exchange could be on the horizon, though the Kremlin has not commented on this possibility.Gershkovich's case has drawn attention to the risks faced by journalists in Russia, with his sentencing seen as a warning to Western reporters. Despite his imprisonment, Gershkovich has remained resilient, engaging with friends through letters and reading Russian literature. This conviction highlights the ongoing tension between Russia and the West, and the precarious position of foreign journalists in Russia.Russian court jails US reporter Gershkovich for 16 years in spying case his employer calls a sham | ReutersOn July 18, 2024, the 8th U.S. Circuit Court of Appeals blocked President Joe Biden's new student debt relief plan, halting its implementation. This decision came after seven Republican-led states requested a hold on the U.S. Department of Education's Saving on a Valuable Education (SAVE) Plan, which aimed to reduce monthly payments for millions of borrowers. The ruling followed a previous decision by U.S. District Judge John Ross that partially blocked the plan by preventing further loan forgiveness.Missouri Attorney General Andrew Bailey, who led the effort against the SAVE Plan, praised the ruling as a victory for Americans who believe in self-reliance. He criticized the plan, arguing it would burden taxpayers with significant debt. An Education Department spokesperson indicated they were assessing the ruling and would communicate with affected borrowers while defending the plan.The SAVE Plan, announced by Biden in 2022, was part of a broader $430 billion initiative to cancel up to $20,000 in debt for eligible Americans, but this broader program was blocked by the Supreme Court in June 2023. The SAVE Plan, which partially took effect on July 1, promised more favorable repayment terms and aimed to benefit over 20 million borrowers, with 8 million already enrolled.Despite already granting $5.5 billion in relief to 414,000 borrowers, the plan's estimated cost of $156 billion over ten years is disputed by Republican state attorneys general, who argue the actual cost is closer to $475 billion. The legal battle over the SAVE Plan continues, with parts of it also being contested in other courts.US appeals court blocks all of Biden student debt relief plan | ReutersTwo former Tesla Inc. lawyers have recently secured prominent legal roles at new companies. David Misler, previously an associate general counsel at Tesla, has been appointed general counsel and corporate secretary for BusPatrol America LLC. Misler, who joined Tesla from the US Securities and Exchange Commission, announced his departure from Tesla to pursue new challenges.Emily Lough, Tesla's former chief intellectual property counsel, has been named general counsel for Cohu Inc., a semiconductor equipment manufacturer. Lough transitioned to Cohu as an assistant general counsel in late 2023.These moves are part of a broader trend of former Tesla lawyers landing significant positions at other firms, from startups to established enterprises. Tesla has experienced considerable turnover, with CEO Elon Musk known for his demanding management style. Recently, Tesla sought shareholder approval for Musk's $56 million pay package and experienced high-profile executive departures amid a workforce reduction of over 10%.Despite this churn, Tesla continues to bolster its legal team, actively recruiting for legal and government affairs roles. Since mid-2022, the company has been enhancing its in-house litigation team, with Tesla's general counsel, Brandon Ehrhart, inviting new recruits via LinkedIn.Misler, now leading the legal team at BusPatrol, is enthusiastic about contributing to the company's AI-driven school bus safety technology. Meanwhile, Lough succeeds Thomas Kampfer at Cohu, who received substantial compensation in his previous role.Both Misler and Lough reflect the ongoing trend of Tesla alumni moving into key legal roles in other organizations, highlighting the dynamic and challenging environment at Tesla and the high demand for its experienced legal professionals.Tesla Lawyers Get Top Legal Roles Elsewhere as Churn ContinuesThis week's closing theme is by Frédéric Chopin.This week, we delve into the world of Romantic-era music with a focus on one of the most beloved composers of that period, Frédéric Chopin, and his exquisite "Nocturne No. 2 in E-flat Major, Op. 9, No. 2." Born in 1810 in Poland, Chopin is celebrated for his profound contributions to piano music, blending lyrical beauty with technical brilliance. His nocturnes, a series of short piano pieces, are among his most admired works, characterized by their expressive melodies and delicate phrasing."Nocturne No. 2" stands out for its serene and lyrical qualities, encapsulating the essence of Chopin's style. Written in 1830-1832, this piece demonstrates his ability to evoke deep emotion through subtle harmonic shifts and intricate ornamentation. The piece begins with a gentle, flowing melody that is gracefully embellished, creating a dreamlike atmosphere. The central section introduces a more dramatic contrast, yet it returns to the initial theme, now even more richly adorned, before concluding with a tranquil coda.Chopin's nocturnes were heavily influenced by the works of Irish composer John Field, who pioneered the form. However, Chopin expanded upon Field's ideas, infusing them with his unique poetic sensibility and pianistic innovation. "Nocturne No. 2" is a prime example of this, showcasing Chopin's mastery of the piano and his profound understanding of musical expression.As this week's closing theme, "Nocturne No. 2" invites listeners to immerse themselves in its serene beauty and reflective mood, offering a perfect end to any musical exploration. This piece not only highlights Chopin's genius but also serves as a testament to the enduring power of Romantic music to move and inspire. Without further ado, enjoy the peaceful elegance of Chopin's "Nocturne No. 2," a timeless gem in the piano repertoire. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.minimumcomp.com/subscribe
Hello from ETH CC my Limited Partner and BCC my dad; I am doing something grand for my life and for this cycle.I am flailing from the depths of the critical reality that I have lost hope on everything except resurrecting Terra Luna. Looking at my surroundings and my contemporaries what with their homoerotic panels and pitches that lack theatrical passion, I am deeply embarrassed to be in this industry; After all I went to Choate and Westley before getting kicked out of both due to my light kleptomania and treason, but beside the point, I am simply too #wellBredwellRead to discuss the Merits of security that no one asked for. The only oracle I need is the one from me and Madonna's psychic. I snuck through customs because I don't do those kind of lines and am currently on the lam, podcast recording from a Side Event that I snuck into under my Alias Eva Braun. Drenched in sweat and my 1990 Versace jumpsuit and glued to my palm pilot, I pondered whether when I am caught by the Brusselian Authority that my quest to discover whether Symbiotic or Eigenlayer will bring me more points will impress them enough to excuse my breakage of a multi milly international humanitarian laws. This podcast is short, quick, and has terrible audio due to my clandestine operation and recorded in a stairwell. Ipso Facto, I have nothing to report except that for all intents and purposes I do not know what intents are. I do know that I want AI to do absolutely everything for me including play with my stepchildren and take care of my husband; thus with my my dwindling trust fund and alimony respectively I am willing to pawn my dead mother's ring on an AI rollup that vacuums my plane and teaches my child the questionable tradeoffs of being a good person. I digress, My guest is Hester Pierce, a darling woman whom I met at Janet Sartin facialist during the Nancy Regan Red Dress era and have stayed in each other's circles. During the Frank Dodd After Party at Tenjune, we smoked la meme Menthol cig marveling at her accomplishment and our shared qualities. We both have porcelain fair skin and a penchant for amethysts. We talk about her elegant disputes with Gary Gansler despite both of them being thin and rich as well as her overall career history. She knows a lot about securities law and I try to evade them. I comment on the charitable acts of kindness that Hester goes out of her way to stomach meeting with the Degen Plebians of the ecosystem unlike myself, and am intrigued by her alleged bullish sentiment. Alas this podcast was awkward because I was so nervous to be amongst greatness. Its lonely at the top, and even lonelier climbing up. Nevertheless, it was a pleasure talking with the ultimate crypto Hot Mom. #GlitterLedger
Ethereum fans can breathe a sigh of relief. The US Securities and Exchange Commission (SEC) has formally dropped its investigation into the blockchain's ecosystem. Ethereum development studio Consensys shared the news on X overnight. This comes days ahead of a possible Ethereum ETF launch.~This Episode is Sponsored By Coinbase~ Get up to $200 for getting started on Coinbase➜ https://bit.ly/CBARRON00:00 Intro00:21 Sponsor: Coinbase00:55 Ethereum war over01:45 Case closed02:11 Robinhood Next?02:35 We still confused03:04 ETF July 2nd?03:48 Ethereum ETF flows will be low06:22 Everyone is wrong about the ETF flows10:35 The age dilemma12:05 Boomer BTC price entry13:05 Bob Iger & Tim Drapper are boomers15:05 Fidelity preparing for ETH?16:00 Charts16:55 Outro#Crypto #Ethereum #bitcoin~SEC vs Ethereum Officially Over!!
The Federal Reserve held borrowing costs at a 23-year high yesterday, and Terraform Labs has agreed to pay $4.47bn in a case brought by the US Securities and Exchange Commission. Plus, tech companies launch a fight against a proposed California law to introduce a ‘kill switch' on AI models. Mentioned in this podcast:Fed officials signal just one interest rate cut before end of 2024Silicon Valley in uproar over Californian AI safety billUS inflation falls to 3.3% in May in boost to marketsTerraform Labs to pay $4.5bn in SEC fraud caseThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT's executive producer. The FT's global head of audio is Cheryl Brumley. The show's theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
In his statement today, US Securities and Exchange Commission (SEC) Chairman Gary Gensler refused to make a prediction about the agency's decision regarding Ethereum (ETH) ETFs. But he advised observers to “keep watching themselves.”~This episode is sponsored by iTrust Capital~iTrustCapital | Get $100 Funding Reward + No Monthly Fees when you sign up using our custom link! ➜ https://bit.ly/iTrustPaulGuest: Evan AldoEvan Aldo Youtube Channel ➜ https://bit.ly/EvanAldo20% off Evan Aldo Course ➜ https://bit.ly/EvanCourse ➜ Use code "paulbarron"#ethereum #crypto #bitcoin~Gensler Signals Ethereum ETF Approval
In this episode of Investing In Integrity, Ross Overline speaks with Helene Glotzer, Head of Risk at Bridgewater Associates. Helene has spent nearly two decades at Bridgewater, one of the top hedge funds globally. In 2018, Helene was named among the 50 Leading Women in Hedge Funds by the Hedge Fund Journal. Prior to her role at Bridgewater, Helene spent ten years as an attorney in the Enforcement Division of the US Securities and Exchange Commission. From 2004 to 2007, she co-headed the enforcement program for the SEC's New York Regional Office, where she supervised investigations and litigation involving allegations of insider trading, market manipulation, and other types of fraud and misconduct. Together, Ross and Helene discuss the unique culture at Bridgewater, which focuses on transparency, radical openness, and integrity. They explore what principles lead to high-performance teamwork and the key leadership values Helene has garnered over the years. She also emphasizes the importance of personal growth, transparency and candor.
Shortening the settlement cycle is a complex undertaking for a clearing house and its members, but once the transition is complete, it will reduce counterparty risk.Speakers: Peter Nerby, Senior Vice President, Moody's RatingsHost: Danielle Reed, VP – Senior Research Writer, Moody's RatingsRelated Research:Exchanges & Clearing Houses – North America: Shift to T+1 settlement has near-term risks for securities firms but will benefit financial markets
The US Securities and Exchange Commission's recently passed rules relating to the GP-led secondaries market have put these deals squarely on LPs' radars. “[These rules] raise the visibility of GP-led transactions to LPs and they signal how important and risky those transactions might be,” Igor Rozenblit – managing partner and founder of governance, risk and regulatory services provider Iron Road Partners and the former private equity expert in the Division of Enforcement of the SEC – told Secondaries Investor. “I wouldn't be surprised for LPs who have already focused on these transactions to focus on them even more… While all the other risks the LPs have always worried about are present, now you've got an additional regulatory risk as an LP that you have to worry about, and LPs are typically very concerned with their exposure to headline risk." In this fifth episode of the Decade of Secondaries Investing podcast miniseries, we sit down with Rozenblit and Isabel Dische, chair of Ropes & Gray's alternative asset opportunities group, to discuss the secondaries aspects of the private fund advisers rules under the Investment Advisers Act of 1940 and Form PF rules. The pair discuss the evolution of the SEC's focus on this small sub-asset class within the sprawling private markets landscape, what the regulator is looking out for in these transactions, and how GPs, buyers and advisers can navigate best practice as well as reputational risk that could come with these deals. For full coverage of our Decade of Secondaries Investing series, including all podcast episodes and an interactive timeline, click here. Read: "SEC votes through rules on GP-led secondaries reporting timeline" Read: "Rubber stamp speeds up market standardisation" Read: "The VSS case and the path toward best practice" Read: "Iron Road Partners: Analyst note on American Infrastructure Funds SEC charge"
Welcome to the Great Women in Compliance Podcast. In this episode, Lisa visits with Amy Mertz Brown, the SVP Chief Compliance and Privacy Officer at BECU. Amy Mertz Brown is a seasoned compliance training and monitoring professional. She has a rich background in leadership positions within regulatory compliance, including roles at the US Securities and Exchange Commission and the Consumer Financial Protection Bureau. Brown believes in the fundamental importance of compliance training, emphasizing the need for detailed work instructions and employee education on how to identify non-compliance within their specific job tasks. She also stresses on the significance of consistent monitoring and testing activities, particularly in the financial services industry. Her philosophy is shaped by her extensive career in working closely with financial institutions, bankers, and legal professionals, as well as her strategic approach to professional growth and development. Key Highlights · Regulatory Compliance Through Monitoring and Training · Regulatory Landscape Navigation Through Predictive Insights · Navigating Evolving Financial Regulations · Navigating Imposter Syndrome in Early Careers · Strengths and Interests Intersection in Job Search Resources Join the Great Women in Compliance community on LinkedIn here.
The US Securities and Exchange Commission approved the listing and trading of a number of spot bitcoin exchange-traded product (ETP) shares in January 2024, opening up more opportunities for DeFi Technologies (CBOE: DEFI | GR: MB9 | OTC: DEFTF) in the crypto space.
This Day in Legal History: Supreme Court Limits Chinese Exclusion Act On March 28, 1898, the United States Supreme Court made a groundbreaking decision in the case of United States v. Wong Kim Ark, fundamentally altering the landscape of immigration and citizenship law in America. The Court ruled that Wong Kim Ark, a child born in the U.S. to Chinese immigrants, was indeed a U.S. citizen by virtue of the 14th Amendment, which grants citizenship to all persons born or naturalized in the United States. This ruling came during a time when anti-Chinese sentiment was high, and the Chinese Exclusion Act of 1882 was in full force, prohibiting the immigration of Chinese laborers.The case highlighted the tension between immigration policies based on racial exclusions and the constitutional principle of jus soli (right of the soil), which guarantees citizenship to almost all individuals born on U.S. soil. By affirming Wong Kim Ark's citizenship, the Supreme Court set a precedent that citizenship by birthright was not to be abridged based on race, ethnicity, or the national origins of one's parents. This decision was a critical counter to the prevailing policies of the time, which sought to limit the rights and freedoms of Chinese immigrants and their descendants.The ruling also underscored the importance of the 14th Amendment in expanding civil rights, demonstrating its role not just in the context of African American rights post-Civil War, but also in protecting the rights of other minorities. United States v. Wong Kim Ark remains a cornerstone of constitutional jurisprudence, reinforcing the principle that the Constitution protects all individuals born on U.S. soil, regardless of their ancestry. This case is often cited in contemporary discussions on citizenship, immigration, and the rights of individuals under the U.S. Constitution, showcasing its lasting impact on American legal history.On March 27, 2024, a California state judge recommended that John Eastman, former personal lawyer to Donald Trump and his co-defendant in a Georgia criminal case, be disbarred for his attempts to overturn the 2020 U.S. presidential election results. Judge Yvette Roland cited violations of California attorney ethics rules, emphasizing Eastman's deceit in his campaign against Joe Biden's victory, and described his actions as lacking in legal and factual foundation. The California Supreme Court will ultimately decide Eastman's professional fate, with his lawyer defending his actions as based on legal precedents and scholarly research.Eastman, also facing charges in Georgia for efforts to challenge the election outcome, had advocated for then-Vice President Mike Pence to reject electoral votes during the Congressional certification process. Despite these efforts, Pence denied having the constitutional authority to do so. Furthermore, Eastman represented Trump in an unsuccessful Supreme Court challenge to the election results and participated in a rally that preceded the Capitol riot on January 6, 2021.The case against Eastman is part of broader legal and ethics investigations into several attorneys associated with Trump's legal team's 2020 election challenges, including Rudy Giuliani and Jeffrey Clark, both of whom are facing their own set of legal and disciplinary challenges. These cases underscore the ongoing legal repercussions for individuals involved in disputing the 2020 election results.Ex-Trump lawyer Eastman should be disbarred, California judge rules | ReutersLaw firm lateral hiring experienced a significant decline last year, falling 35% across all lawyer ranks, with associate hires dropping by 43% and partner moves by 10%, as reported by the National Association for Law Placement (NALP). This downturn, marking the second consecutive year of reduced law firm recruitment, reflects a deceleration in demand from corporate clients, leading to layoffs and decreased recruiting targets among major law firms. The pandemic-era surge in demand has tapered off, prompting firms to reassess their hiring strategies, especially in building associate ranks. Legal recruiters attribute much of the hiring decline to a slowdown in corporate practices, despite a slight increase in litigation roles.The industry's response to reduced workloads has been cautious, influenced by previous cycles of rapid hiring followed by stagnation. Although partner hiring was less affected due to their ability to bring portable business, associate hiring aligns more closely with overall demand fluctuations. Recent months have seen a modest uptick in hiring activity, particularly in finance-related roles, suggesting firms are preparing for a gradual increase in lateral hiring. However, firms have also scaled back on the sizes of their summer classes, indicating a conservative outlook for the coming years. This cautious approach is driven by the anticipation of a continued lull in demand, with expectations of further layoffs and quick decisions on terminations for any performance issues.Law Firm Hiring Plummets 35% Amid Layoffs, Slow Demand (2)Chemours Co., a Delaware-based chemical company that was spun-off DuPont in 2015, is currently under investigation by the US Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) due to concerns regarding its accounting practices. This probe was initiated after Chemours took the drastic step of placing its CEO, chief financial officer, and controller on leave following an internal review into the company's financial reporting and management practices. The internal investigation, triggered by an anonymous tip to the company's ethics hotline, specifically examined how the company managed its working capital and the potential impact on incentive plans, as well as certain practices not aligning with US generally accepted accounting principles (GAAP).In early March, Chemours disclosed findings that indicated senior executives had manipulated the company's free cash flow figures in the fourth quarter of 2023. This manipulation involved delaying payments to vendors and accelerating the collection of receivables, actions that artificially enhanced the metrics used to calculate their bonuses. This serious revelation came as part of an ongoing effort by Chemours to address and rectify the identified accounting issues, with the company openly cooperating with the SEC and the DOJ's requests for information related to the Audit Committee's Internal Review and subsequent SEC filings. The situation marks a significant corporate governance and accountability challenge for Chemours, spotlighting the importance of ethical financial management practices.Chemours Faces DOJ, SEC Accounting Probe Amid Shakeup at Top (1)Following the collapse of Baltimore's Francis Scott Key Bridge due to a collision with the container ship Dali, the ship's owner, operator, and charterer are anticipated to face lawsuits for the resulting deaths and injuries. However, legal experts point out that U.S. maritime law may significantly limit the liability of the involved companies, including Grace Ocean Pte Ltd, Synergy Marine Group, and Maersk. U.S. legal principles, stemming from a 1927 Supreme Court ruling, generally preclude recovery of purely economic damages from maritime incidents, meaning the city of Baltimore and affected businesses cannot recover losses related to the port closure or bridge damage through litigation against the ship's owners and operators.Claims are likely to focus on personal injuries, deaths, and physical damage or loss, with potential lawsuits expected to be filed in federal court. Victims might seek to "arrest" the ship to keep it within jurisdiction during litigation. Economic losses might instead be covered by insurance, with analysts predicting claims could reach up to $4 billion, potentially setting a record for shipping insurance losses.The tragedy's limited human toll, attributed to the halting of traffic before the collapse, contrasts with the significant legal and financial aftermath. Maritime law allows for suing the ship itself and limits owner liability to the ship's value unless proven at fault, raising questions about the Dali's condition and previous inspections. Unlike state laws, maritime law does not cap non-economic damages in wrongful death cases, offering a unique legal pathway for the victims' families.Lawsuits over Baltimore bridge collapse likely, though limited, lawyers say | Reuters Get full access to Minimum Competence - Daily Legal News Podcast at www.minimumcomp.com/subscribe
A recent study of 1500 women in China found links between personal care product use and in-vitro fertilization problems, including slower embryo development and miscarriage. We discuss the findings and the growing evidence linking hormone disrupting chemicals to pregnancy difficulties for people using IVF. Also, climate disasters, adaptation costs and market shifts threaten the value of public companies that are inadequately prepared for climate change. So, the Democratic majority US Securities and Exchange Commission recently approved a rule that will require public companies to inform investors about their greenhouse gas emissions and climate risks. But the rule was immediately met with pushback from industry and several Republican-led states. And the handful of astronauts and cosmonauts on board the International Space Station float in a strange paradox, with the Earth constantly in view, but always out of reach. A new novel called Orbital explores the splendor of planet Earth as seen from orbit through a day in the life of six astronauts up on the ISS. -- Check out the full transcript we provide for every show, with pictures and links to more information, at the Living on Earth website, loe dot org. Learn more about your ad choices. Visit megaphone.fm/adchoices
Welcome to the Great Women in Compliance Podcast. In this episode, visits with Christina Marshall, is an experienced Ethics and Compliance leader with extensive experience working with US and foreign regulators. Her expertise is in fraud and corruption investigations, risk assessments and operationalizing compliance in complex global organizations. She currently leads the Oracle EMEA Compliance team that is responsible for driving compliance through Europe, Middle East and Africa. She is a US trained litigator with a Juris Doctor from Fordham University School of Law. Christina has worked in private practice as well as a Senior Counsel within the Division of Enforcement at the Securities Exchange Commission which was responsible for investigating violations of the FCPA. Her extensive experience also includes teaching as professor of Securities Regulation, White Collar Crime, Corporations and American Law. Based on her extensive experience, Christina is highly skilled in investigating procurement fraud, money laundering and corruption, leading risk assessments, and creating preventative compliance practices. Christina's perspective on compliance best practices is that it should function as a partnership with the business, focusing significantly on transparency and support for business leaders, rather than acting as the 'police'. Her knowledge in this area has been shaped by her prior experience at the US Securities and Exchange Commission's Division of Enforcement and her extensive engagement with regulators worldwide. Additionally, her time spent teaching law in Russia has enriched her global perspective. She emphasizes the necessity of involving business partners in risk mitigation, with an emphasis on fostering trust and respect, particularly during challenging investigations. Key Highlights · Collaborative Approach to Achieving Compliance Goals · Efficient Risk Management Through Practical Prioritization · Fostering Trust Through Investigative Transparency · Encouraging Curiosity and Open Communication Culture · Global Compliance Strategies in Multinational Operations · Tailoring Compliance Programs for Regional Teams · Enhancing Compliance Practices Through Root Cause Analysis · Enhancing Efficiency Through Clear Communication Resources Join the Great Women in Compliance community on LinkedIn here.
The US Securities and Exchange Commission on March 6 finalized a long-awaited rule requiring thousands of publicly traded companies to disclose certain climate-related information. The final rule takes a narrower approach than what the SEC proposed in 2022; it also marks a significant change in the level of climate-related information that publicly listed companies must disclose in the US. In this episode of the ESG Insider podcast, we explore key components of the SEC rule and its implications for investors and companies — as well as how it fits in the broader global climate disclosure landscape. We talk with Cynthia Hanawalt, a Director at the Sabin Center for Climate Change Law, a think tank at Columbia Law School; she gives us an overview of the rule's requirements. We speak to Bruno Sarda from professional services company EY, where he focuses on climate change and sustainability services. Bruno says a key message from the rule is that “climate risk is financial risk ... companies need to be ready to both measure, manage and communicate that risk." We hear from Kristina Wyatt, Deputy General Counsel and Chief Sustainability Officer at carbon accounting software company Persefoni, about how the rule fits into the broader global disclosure landscape. And to understand what's on the horizon for the rule, we hear from Elizabeth Dawson, a Partner at law firm Crowell & Moring where she is a leader on the ESG advisory team and Chair of the Sustainability Committee. Read research from S&P Global Sustainable1 about the current US landscape for corporate climate disclosure: https://www.spglobal.com/esg/insights/featured/special-editorial/after-sec-rulemaking-assessing-the-us-climate-disclosure-landscape Listen to the podcast episode we released when the SEC proposed its climate disclosure rule in 2022: https://www.spglobal.com/esg/podcasts/unpacking-implications-of-the-sec-s-proposed-climate-disclosure-rule This piece was published by S&P Global Sustainable1, a part of S&P Global. Copyright ©2024 by S&P Global DISCLAIMER By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.
In this week's episode, host Kristin Hayes talks with James Cox, a professor at Duke University, about a rule issued by the US Securities and Exchange Commission (SEC) that mandates publicly traded firms to disclose certain greenhouse gas emissions associated with business operations. Cox discusses how the rule standardizes the disclosures of certain climate-related risks that firms face, the differences between the final rule and the initial rule proposed by the commission in 2022, the potential challenges of verifying emissions from a company's suppliers and customers, and the value of transparency and information for investors. References and recommendations: “Special Series: The SEC Climate Disclosure Rule” from the “Common Resources” blog; https://www.resources.org/special-series-sec/
After a year and a half hiatus from discussing Bitcoin, we felt compelled to explore the implications of the US Securities and Exchange Commission's approval of 10 spot Bitcoin ETFs for trading. In this episode, we dive into the recent news surrounding Bitcoin and its entry into the mainstream investment landscape through spot Bitcoin ETFs. To help us unpack this topic is Eric Balchunas, a seasoned ETF analyst at Bloomberg Intelligence and host of the Trillions Podcast. Eric brings a wealth of knowledge on ETFs and offers valuable insights into the intersection between traditional financial markets and the cryptocurrency space. Join us as we discuss the implications of Bitcoin ETFs trading on regulated exchanges and the impact on its overall anti-establishment identity, the intricacies of approved cash creation and redemption limitations, what Bitcoin ETFs are backed by, the transparency and potential vulnerabilities of Bitwise, and the complexities of navigating anti-money laundering aspects within Bitcoin transactions. You'll learn how financial advisors are likely to leverage spot Bitcoin ETFs, who stands to benefit the most from Bitcoin ETFs, the broader implications for the investment landscape, why Bitcoin is like Tabasco sauce, and more! Tune in for a captivating exploration of Bitcoin's journey into the mainstream investment arena, with Eric Balchunas. Key Points From This Episode: (0:04:29) Reasons that Canada officially embraced Bitcoin sooner than the USA. (0:05:55) Why spot Bitcoin ETFs took longer to be approved by the SEC than futures ETFs. (0:07:54) Which ETF regulations have changed to allow a spot Bitcoin ETF. (0:09:42) Approved cash creation and redemption limitations. (0:12:46) What spot Bitcoin EFTs are backed by. (0:17:15) Bitwise: how it demonstrates transparency and the potential for sabotage. (0:19:38) How authorized participants will deal with anti-money laundering aspects of Bitcoin transactions. (0:21:31) How spot Bitcoin ETFs have been trading relative to their net asset value. (0:22:42) The amount of value flowing into Bitcoin ETFs. (0:27:23) Differentiating Newborn Nine ETFs from one another. (0:31:57) Benefits of Bitcoin being made available through an ETF. (0:34:21) The impact spot Bitcoin ETFs have had on Bitcoin's identity. (0:38:04) Who has benefited the most from the adoption of spot Bitcoin ETFs. (0:40:36) Comparing spot ETFs starting trade to what was predicted by crypto enthusiasts. (0:44:36) Vanguard's decision to not allow the spot Bitcoin ETFs on their platform. (0:48:19)How financial advisors will leverage spot Bitcoin ETFs. Links From Today's Episode: Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582. Rational Reminder Website — https://rationalreminder.ca/ Rational Reminder on Instagram — https://www.instagram.com/rationalreminder/ Rational Reminder on X — https://twitter.com/RationalRemind Rational Reminder on YouTube — https://www.youtube.com/channel/ Rational Reminder Email — info@rationalreminder.ca Benjamin Felix — https://www.pwlcapital.com/author/benjamin-felix/ Benjamin on X — https://twitter.com/benjaminwfelix Benjamin on LinkedIn — https://www.linkedin.com/in/benjaminwfelix/ Cameron Passmore — https://www.pwlcapital.com/profile/cameron-passmore/ Cameron on X — https://twitter.com/CameronPassmore Cameron on LinkedIn — https://www.linkedin.com/in/cameronpassmore/ Eric Balchunas on LinkedIn — https://www.linkedin.com/in/ericbalchunas/ Eric Balchunas on X — https://twitter.com/EricBalchunas Bloomberg — https://www.bloomberg.com/ Trillions — https://www.bloomberg.com/podcasts/series/trillions U.S. Securities and Exchange Commission — https://www.sec.gov/ Bitwise — https://bitwiseinvestments.com/ Bitwise Bitcoin ETF — https://www.sec.gov/Archives/edgar/data/1763415/000199937124000346/bitcoin-424b3_011024.htm Coinbase — https://www.coinbase.com BlackRock — https://www.blackrock.com Grayscale Bitcoin Trust ETF (GBTC) — https://etfs.grayscale.com/gbtc Vanguard — https://investor.vanguard.com/ Bitcoin — https://bitcoin.org Books From Today's Episode: The Bogle Effect — https://www.amazon.com/Bogle-Effect-Vanguard-Investors-Trillions/dp/1637740719
In today's episode, I'm joined by Jessica Medina, who graduated from Columbia Law School in 2004 as a single mom of twins with over $200,000 in student loans, and went straight to work at a BigLaw firm. After eight years in private practice, she switched roles and became Senior Counsel at the Division of Enforcement with the US Securities and Exchange Commission. She left that role to work in the financial industry in a different way and is now an Accredited Financial Counselor who teaches other lawyers how to use their money to finance their dream lives. In today's conversation, Jessica shares her personal journey and professional insights, offering invaluable guidance for lawyers who have the pressures of BigLaw life, are paying student loans, and generating a high income, but want to achieve financial stability and freedom. A Few Takeaways… 1. Be Intentional with Career and Financial Choices: Understand why you are in your current position and align your actions with your long-term goals. This means making strategic decisions about lifestyle and finances to avoid getting trapped in a situation that doesn't align with your future aspirations. 2. Understand the Impact of Lifestyle on Finances: Many lawyers spend on convenience due to time constraints, which can lead to unintentional financial strain. Being mindful about where your money goes, especially as your salary increases, so that you can prevent unnecessary financial stress. 3. Prepare for Career Transitions with Financial Planning: If you're considering a shift in your career, especially one that might result in lower income, it's crucial to prepare financially. This might involve downsizing or re-evaluating your spending to make the transition smoother. 4. Seek Professional Guidance for Financial Management: Many lawyers lack formal education in personal finance management. Seeking advice from financial professionals can provide clarity, help in developing a comprehensive plan for managing debt (like student loans), and aid in aligning your spending with your life priorities. At a glance… - [00:04:21 - 00:05:40]: Jessica's journey from law to financial counseling and the challenges faced. - [00:06:02 - 00:06:44]: Financial mismanagement among lawyers. - [00:14:39 - 00:15:19]: Emotional and financial challenges of leaving the legal profession. - [00:16:57 - 00:17:41]: How lifestyle choices impact financial freedom for attorneys. - [00:22:44 - 00:23:37]: Common financial mistakes by lawyers. - [00:31:37 - 00:32:31]: Exploring the benefits available to attorneys and their impact on personal finance. - [00:39:24 - 00:40:28]: Final advice for lawyers considering career transitions and the importance of intentional financial planning. Rate, Review, & Follow on Apple Podcasts Do you enjoy listening to Big Law Life? Please consider rating and reviewing the show! This helps support and reach more people like you who want to grow a career in Big Law. Click here, scroll to the bottom, tap to rate with five stars, and select “Write a Review.” Then be sure to let me know what you loved most about the episode! Also, if you haven't done so already, follow the podcast! A new episode releases every week! Follow now! Ways to reach Jessica Medina and Laura Terrell Jessica Medina https://www.jessicamedinallc.com/ https://linkedin.com/in/jessicamedinallc jessica@jessicamedinallc.com Laura Terrell www.lauraterrell.com laura@lauraterrell.com LinkedIn: https://www.linkedin.com/in/lauralterrell/ Instagram: https://www.instagram.com/lauraterrellcoaching/
In November 2023, California circumvented the US Securities and Exchange Commission and released two regulations aimed at increasing climate disclosures for US companies. The SEC initially proposed its now twice delayed climate disclosures in 2022, but the regulations are expected to be released early this year.In this Cloud 9fin episode, host Jennifer Munnings sat down with Kristina Wyatt, former senior counsel for climate and ESG at the SEC, to take a deep dive into what the Californian regulations and the proposed SEC rules indicate for ESG in the US.We talk about everything from the ability for US companies to remain competitive in markets that are ever more focused on sustainability, to the potential impact of the upcoming elections on ESG in the US.
Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition: Democratic Congresswoman Abigail Spanberger of Virginia about her recent trip to Kyiv and the future of US aid to Ukraine Stimson Center Senior Fellow Kelly Grieco about military operations in Ukraine. Bloomberg's David Westin sits down with US Securities and Exchange Commission Chair Gary Gensler about the regulator's agenda with the 2024 Presidential Election looming. Bloomberg Congressional Reporter Billy House as the House of Representatives voted to impeach Homeland Secretary Alejandro Mayorkas Tuesday night. Siena College Research Institute Director Don Levy as Tom Suozzi defeated Mazi Pilip in the New York special election to fill the House seat once held by George Santos. See omnystudio.com/listener for privacy information.
After years and years of drama, the US Securities and Exchange Commission finally let 10 spot Bitcoin exchange-traded funds begin trading last week. The launches have been wildly successful. But now that these funds are in the wild, you probably have a few questions. And you're not alone! On this episode, Eric and Joel along with James Seyffart, ETF analyst with Bloomberg Intelligence—open up the mailbag to answer all your most pressing questions. See omnystudio.com/listener for privacy information.
Joe's Premium Subscription: www.standardgrain.comGrain Markets and Other Stuff Links-Apple PodcastsSpotifyGoogleTikTokYouTubeFutures and options trading involves risk of loss and is not suitable for everyone.Conab, Brazil's equivalent to the USDA, has reduced its forecasts for both Brazil's soybean and corn crops. The soybean estimate has been lowered by 4.2% to 155.3 million tons, but despite this reduction, Brazil is still on track to achieve a record soybean crop this season. Additionally, Brazil is expected to maintain its position as the world's leading soybean exporter, with an estimated export volume of 98.4 million tons. Conab has also downgraded its projection for Brazil's corn crop by nearly 11%, estimating it at 117.6 million tons. Corn exports are anticipated to decline to 35 million tons, down from 56 million tons in the previous year.
US President Joe Biden plans to send a high-level delegation to Taipei after the election in Taiwan on Saturday, the US Securities and Exchange Commission has approved the first spot bitcoin exchange traded funds, and the Iran-backed militant group known as the Houthis are stepping up its attacks in the Red Sea. Mentioned in this podcast:Joe Biden to send delegation to Taipei after Taiwan's electionTaiwan's pivotal vote: China casts shadow over island's electionSEC approves first spot bitcoin ETFs in boost to crypto advocatesWho are the Houthis?Subscribe to The Rachman ReviewFollow Untold: The Retreat on Apple Podcasts, Spotify or wherever you listen to podcasts.The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT's executive producer. The FT's global head of audio is Cheryl Brumley. The show's theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
Joe's Premium Subscription: www.standardgrain.comGrain Markets and Other Stuff Links-Apple PodcastsSpotifyGoogleTikTokYouTubeFutures and options trading involves risk of loss and is not suitable for everyone.0:00 Brazil Soybean Update1:33 Argentina Update2:03 "Perfect Storm"5:00 USDA Preview6:36 Ukraine Peace Meeting7:49 JBS Stock Listing9:53 Cattle & Outside MarketsBrazil's largest farm cooperative, Coamo, is gearing up to receive substantial quantities of soybeans by the end of January. The accelerated harvest is a result of hot weather conditions, which have expedited the crop's maturation. The last time Coamo received such significant soybean volumes in January was during the 2018/2019 season. Despite the early harvest, soybean yields are holding up as average, even with the shortened growing season. This early influx of soybeans has also led to a reduction in soybean port premiums relative to US soybeans.
For this week's bonus episode, Jacquelyn interviewed Michael Sonnenshein, the CEO at Grayscale Investments.Grayscale is a digital asset investment firm that aims to provide products and services to institutional and individual investors, it is well known for its Grayscale Bitcoin Trust (GBTC) and now, its new bitcoin spot ETF product. The company was founded in 2014 and is one of the world's largest digital asset currency managers. The GBTC fund holds over 3% of the outstanding bitcoin supply, worth tens of billions of dollars.The firm and its executives have made headlines in the past for their tenacious efforts to get their bitcoin spot ETF approved after it was originally denied by the U.S. Securities and Exchange Commission in June 2022 and later the D.C. Circuit Court of Appeals ruled in favor of it. And now, Grayscale's bitcoin spot ETF was approved. We dive into what a spot bitcoin ETF approval means for GBTC and market demand. We also discussed competition between issuers, fee structures and why regulated bitcoin exposure matters as well as what a spot bitcoin ETF could mean for the crypto space. Chain Reaction comes out every Thursday at 12:00 p.m. ET, so be sure to subscribe to us on Apple Podcasts, Spotify or your favorite pod platform to keep up with the action.
The US Securities and Exchange Commission is busier than Santa's elves these days as it scrambles to work with exchange-traded fund issuers to fine-tune offering documents ahead of the likely approval of spot Bitcoin ETFs. While this ten year-long saga seems to be nearing an end, approving them will create a whole new world of products—and regulation. On this episode, Joel Weber, Eric Balchunas and Bloomberg reporter Katie Greifeld speak with SEC Commissioner Hester Peirce in front of an audience at Bloomberg's 8th Annual ETFs in Depth conference. Topics discussed include Bitcoin and crypto ETFs, as well as other topics on the SEC's radar, such as ETF share classes, the growing size of big passive fund companies as well as a steady stream of more complex products. See omnystudio.com/listener for privacy information.
Who gets to decide who should be CEO of OpenAI? ChatGPT or the board? Plus a ransomware gang goes a step further than most, reporting one of its own data breaches to the US Securities and Exchange Commission.All this and more is discussed in the latest edition of the "Smashing Security" podcast by cybersecurity veterans Graham Cluley and Carole Theriault.Warning: This podcast may contain nuts, adult themes, and rude language.Episode links:Hackers Use Online Casinos to Gamble Mountains of Cash They Steal from Victims - 404.AlphV files an SEC complaint against MeridianLink for not disclosing a breach to the SEC - DataBreaches.net.SEC Adopts Rules on Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure by Public Companies - US Securities and Exchange Committee.OpenAI announces leadership transition - OpenAI.The Fear and Tension That Led to Sam Altman's Ouster at OpenAI - The New York Times.Emergency Pod: Sam Altman is Out at Open AI - The New York Times.What We Know About Sam Altman's Ouster From OpenAI - The New York Times.Ousted OpenAI C.E.O. Makes Plans for New Artificial Intelligence Company - The New York Times.Microsoft Hires Sam Altman Hours After OpenAI Rejects His Return - The New York Times.In the battle to bring ousted founder Sam Altman back to OpenAI, Microsoft and Satya Nadella hold the trump cards - Fortune.Rate your resignation letter - Twitter account.Suella Braverman's resignation letter - Twitter.Analysis of letter by Dame Andrea Jenkyns - Twitter.Thread about letter from Dame Andrea Jenkyns - Twitter.The Future by Naomi Alderman review - The Guardian.The Future by Naomi Alderman - Harper Collins.
AI technology in the hot seat. Apple gives in to pressure on messaging Short week - plenty of action. PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter Warm Up - CROCs CTP is almost over - 4 days until end... Then December starts the CTP CUP 2024! - - Back from an RCL cruise- my, have things changed - Market starting to overheat (KRI +5) - End of Year - Santa Claus Rally - on schedule - PSI - Markets Closed Thursday and after 1pm Friday - Big doings in Crypto World - Pied Pipers (Binance now in hot water) Market Update - WEIRD Action - in the AI Space - Fire, Quit, Oust and then Hire - USD continues to fall - VIX has a 13 handle - BIG news - NVDA earnings What in the? - Sam Altman pushed out over the weekend.... --- Hair on FIRE in Silicon Valley - - Weekend scramble - MSFT picks up Altman to hear AI Unit - Hundreds of OpenAI employees have signed a letter demanding the board resign or face an employee exodus to Sam Altman's new venture at Microsoft “eminently.” - What is going on? MORE OpenAI - OpenAI named ex-Twitch boss Emmett Shear as interim CEO - Commercialization of product seems to be at the heart of the matter - Microsoft Chief Executive Satya Nadella said in posts on X that Altman would become CEO of a new research group inside the software maker, along with other departing OpenAI colleagues such as outgoing President Greg Brockman who quit following Altman's ouster. --- Was there a deeper and darker plan here? Hmmm- This sounds Off - OpenAI customers are looking for the exits, signaling a possible exodus of business that could devastate the startup. - More than 100 OpenAI customers contacted OpenAI competitor Anthropic over the weekend, a startup that has raised billions from both Amazon and Google in recent months, according to someone familiar with the situation. - Sounds like companies trying to create a corpse and pick on its remains or manufactroversy - A manufactured controversy is a contrived disagreement, typically motivated by profit or ideology, designed to create public confusion concerning an issue about which there is no substantial academic dispute. This concept has also been referred to as manufactured uncertainty. BitCoin ETF - I was interviewed about this very topic last week by Paul Barron (he intimated I was a boomer - look up the view) - The US Securities and Exchange Commission has deferred making a decision again on whether to approve the first US exchange-traded fund that invests directly in Bitcoin. - The primary US securities regulator deferred on filings from Franklin and Globe X, according to documents Friday. The deferrals come after delays for other filers because both companies had put More Crypto Crap - Changpeng “CZ” Zhao is stepping down as CEO of Binance as part of a major $4 billion settlement between the Department of Justice and the cryptocurrency exchange he founded, according to sources close to the discussions with the agency. - The settlement will be with the DOJ and Commodities Futures Trading Commission; the Securities and Exchange Commission is not participating. - As part of the settlement, Zhao will also plead guilty to anti-money laundering charges brought by the Department of Justice. He is scheduled to enter the plea in federal court in Seattle on Tuesday afternoon, the Wall Street Journal reported. - Binance, the DOJ, CFTC, and SEC had not replied to requests for comment at the time of publication. - The SEC charged Binance, and its founder CZ, in June with operating an unregistered exchange and misleading investors by using a Switzerland-based fund Sigma Chain, which was also owned by CZ,